GlobalData offers a comprehensive analysis of General Motors, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on General Motors‘s ESG performance. GlobalData’s company profile on General Motors offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
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General Motors (GM) to reduce carbon emissions as part of its commitment to combat climate change. The company has established an ambitious target to achieve carbon neutrality across its global products and operations by 2040. GM is actively working towards reducing its carbon emissions. The company has set goals for scope 1, scope 2, and scope 3 emissions, which include direct emissions from its operations, indirect emissions from purchased electricity, and emissions from its supply chain and product use. In 2022, the company’s scope 1 (Direct) greenhouse gas (GHG) emissions reported was 1,466,452 metric tons of CO2e, scope 2 (Indirect) GHG emissions (both location-based and market-based) were 2,996,074 and 2,078,738 metric tons of CO2e respectively and scope 3 (Other Indirect) GHG emissions was 272,722,604 metric tons of CO2e. The company is committed to reducing Scope 1 and 2 operational emissions by 72% by 2035 compared to the 2018 baseline. Additionally, there is a target to decrease Scope 3 GHG emissions resulting from the use of sold products of light-duty vehicles by 51% per vehicle kilometer by 2035 against the 2018 baseline.
The company is focused on reducing its emissions and has taken several steps towards this goal. GM has partnered with NGOs and implemented sustainable business programs in South America, such as biodiversity and agroforestry practices in the Amazon Rainforest. In Canada and Egypt, GM has collaborated with NGOs to develop educational programs on sustainability for educators and students. In China, the company has supported STEM education programs aimed at fostering innovation in carbon neutrality practices. In Mexico, GM has invested in workforce development programs and STEM education training for vulnerable youth.
The company is actively striving to mitigate its environmental footprint, achieving a progress of 53% towards its target of reducing Scope 1 and 2 operational emissions by 72% by 2035 against the 2018 baseline. Additionally, in 2022, the company utilized 1,977,727 MWh of renewable energy for electricity at its global facilities and contributed to the diversion of 1.33 million metric tons of waste from landfills, incinerators, and energy recovery facilities. GM's commitment to emission reduction extends beyond its own operations. The company is actively involved in community relations and supports climate action at the community level. GM's initiatives align with its climate equity social outcomes, which include sustainable transportation, community climate action, and clean energy jobs. The company aims to bring everyone into an all-electric future and is investing in the education and safety of first responders dealing with incidents involving electric vehicles.
In conclusion, General Motors is dedicated to reduce its carbon emissions and achieve carbon neutrality in its operations. The company has implemented various programs and partnerships to address emissions across its operations and supply chain. By collaborating with NGOs and investing in education and sustainability initiatives, GM is taking significant steps towards its emission reduction goals.
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